Multifamily - Debt, Sale

NorthMarq's Newport Beach office announces the sale and financing of Villa Del Sol in Anaheim, California

NEWPORT BEACH, CALIFORNIA (December 2, 2020) – NorthMarq’s Newport Beach office announced the sale and financing of Villa Del Sol, a 70-unit value-add apartment building in Anaheim, California. The property was built in 1966. Villa Del Sol was marketed and sold during the COVID-19 pandemic and received financing through NorthMarq’s Fannie Mae’s Green Program. The transaction was a Tier 3 loan with 6-years of interest-only payments. Brendan Golding, vice president -debt/equity arranged the financing and Shane Shafer, managing director – investment sales arranged the sale. 

“This was a great collaboration between the NorthMarq Investment Sales and Debt & Equity teams. Working together made the acquisition process smooth and seamless for the client. The borrower plans to install solar panels at the property as part of the Fannie Mae Green Program,” said Golding. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.